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Lilly to Acquire Diabetes Cell Therapy Company Sigilon Therapeutics

Culmination of the partnership working to advance SIG-002 to treat type 1 diabetes.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Eli Lilly and Co. entered a definitive agreement to acquire Sigilon Therapeutics, Inc., a biopharmaceutical company looking to develop functional cures for a broad range of acute and chronic diseases, for approximately $34.6 million, plus a potential consideration of up to approximately $309.6 million. Since 2018, the companies have partnered to develop encapsulated cell therapies, including SIG-002, for the treatment of type 1 diabetes. The goal of these therapies is to free patients from co...

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